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Whatsapp digital payment launches in India only after approval from RBI

USNMix Report: Whatsapp
promised to court,Digital payment service will start only after approval from
RBI.

On launching the digital
payment service, WhatsApp has told the Supreme Court that Whatsapp is
currently testing it in India. It will not violate the terms of the Reserve
Bank (RBI) in any way. This service will be launched in India only after
approval from the Reserve Bank.

RBI opposes digital payment
service Significantly, the RBI had opposed Whatsapp's digital payment service.
RBI says that it can not be done without approval from us On this, the Supreme
Court assured the RBI that they will ensure compliance with the rules.

Whatsapp will launch this
service all over the world

The news came a few days ago
that sending messages to WhatsApp will be available as well as shopping and
digital payments. Facebook CEO Mark Zuckerberg had said that the company will
start digital payment platform at the global level. He is currently testing it
in India. Launch it together in many other countries. The company conducted its
successful beta test with 10 million users.

Also question arise on
Google Pay

A few days ago, the Delhi
High Court sought the response from the central bank and company when the
mobile payment wallet started without the Google Pay, in India for the
theoretical approval. The High Court had asked that when Google does not have
the approval of RBI, then it is operating the payment wallet in India. In fact,
a PIL was filed in the High Court. The petition claimed that Google has been
working for official approval without app on Google.